If you look at the course of sales, you see a lot of trades going through for around $530.
As you're probably aware $500 is the minimum trade value with a lot of brokers.
Do you think that the number of trades that go through for around $500 and $1000 (+/- $30) in a day correlates with the number of fresh, young players with only a few quid in their pocket getting involved in our stock?
I especially think it does when you consider MEO's pretty, glossy presentation yesterday.
I wouldn't blame them for jumping on the bandwagon, either. I wish I was only buying in now instead of having my money tied up for the last 6 months.
Oh well. Hindsight's a wonderful thing.
MEO Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held